The Best Broker Exchanges

Bitcoin and altcoins can turn out to be a great investment, but a lot depends on how you do it. One of the most popular approaches is to use a broker to benefit from price changes. This idea has a number of useful advantages that you need to know about before you get started. To make it easier for you to choose which service to use, we have listed below the five best broker exchange sites where you can buy Bitcoin as well as altcoins like IOTA and Litecoin very easily. Read our guide to find out that the choice is not as hard as you might have thought.
eToro
Key Features
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Min Deposit
$50
United States
Start Trading View key features
Key Features
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Payment Methods
Wire Transfer, Bank Transfer
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, Crypto, ETF’s, indices and commodities. eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
FOREX.com
Key Features
Trade on popular Crypto markets
Go long or short on cryptos from 10p a point
A trading partner you can trust
Min Deposit
$50
United States
Start Trading View key features
Key Features
Trade on popular Crypto markets
Go long or short on cryptos from 10p a point
A trading partner you can trust
Payment Methods
Debit Card, Bank Wire, ACH, Credit Card, PayPal
Founded in 1999, part of GAIN Capital Holdings. Licensed in highly regulated juristictions, FCA, IIROC, NFA, CFTC, CIMA,FSA. Payment methods ACH, debit card, bank wire transfer. $50 minimum deposit.
Forex trading involves significant risk of loss and is not suitable for all investors.
CEX
Key Features
Margin Trading
Legal compliance
Cryptocurrency staking
Various Payment options
Min Deposit
$20
United States
Start Trading View key features
Key Features
Margin Trading
Legal compliance
Cryptocurrency staking
Various Payment options
Payment Methods
Credit Card, Debit Card, Wire Transfer, Cryptocurrencies, Skrill
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Bittrex
Key Features
One of the largest cryptocurrency exchanges
High volume across all pairs
Perfect for large and small buyers/sellers
Min Deposit
$1
United States
Start Trading View key features
Key Features
One of the largest cryptocurrency exchanges
High volume across all pairs
Perfect for large and small buyers/sellers
Payment Methods
Credit Card
Bittrex Global has one of the most secure trading platforms and digital holding infrastructures in the world where customers can access exciting new products.
Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
$1
United States
Start Trading View key features
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Coinmama
Key Features
Safe & Secure cryptocurrency exchange
Easy Intuitive interface
Impressive limits
Liquidity Accepted in over 200 countries
Min Deposit
$60
United States
Start Trading View key features
Key Features
Safe & Secure cryptocurrency exchange
Easy Intuitive interface
Impressive limits
Liquidity Accepted in over 200 countries
Payment Methods
Debit Card
Coinmama is a bitcoin broker based in Israel. They specialize in selling bitcoins for credit card to nearly anyone in the world.
Coinbase
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Min Deposit
$1
United States
Start Trading View key features
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.
AEX
Key Features
Min Deposit
$10
United States
Start Trading View key features
Key Features
Payment Methods
Debit Card, Cryptocurrencies, Wire Transfer
AEX is a global and professional Digital Asset Exchange Platform. Including information, exchange and financial services. It also provides Digital Asset Exchange and Blockchain technology services. It is operated by Bit World Investments Limited.
Bitpanda
Key Features
Fully automated platform with instant transactions
A wide variety of payment options
Good for beginners
Min Deposit
$1
United States
Start Trading View key features
Key Features
Fully automated platform with instant transactions
A wide variety of payment options
Good for beginners
Payment Methods
Visa, Mastercard, Neteller, Skrill, Sofort, Giropay, EPS, Credit Card
BitPanda is a Bitcoin broker based in Austria. It offers a wide range of payment methods and has good prices.
Coinfloor
Key Features
London Based Cryptocurrency Exchange
Most Liquid GBP Exchange
Dedicated Account Manager
Min Deposit
$1
United States
Start Trading View key features
Key Features
London Based Cryptocurrency Exchange
Most Liquid GBP Exchange
Dedicated Account Manager
Payment Methods
The UK’s longest established Bitcoin and Cryptocurrency Exchange.
Xcoins
Key Features
Min Deposit
-
United States
Start Trading View key features
Key Features
Payment Methods
PayPal, Bank Transfer
Coinbull
Key Features
Multiple Cryptocurrencies Available
Deposit in BTC
Easy to use Platform
Min Deposit
$275
United States
Start Trading View key features
Key Features
Multiple Cryptocurrencies Available
Deposit in BTC
Easy to use Platform
Payment Methods
Debit Card, Credit Card, Wire Transfer
Coinbull is a leading cryptocurrency trading platform, offering over 20 cryptocurrencies it has become a hugely popular provider for traders of all experiences

What is a Broker Exchange?

With a cryptocurrency broker site, you can buy and sell Bitcoin as well as other popular virtual coins such as the Ethereum currency, Ripple altcoin, and Bitcoin Gold.

A broker isn’t technically an exchange like a fiat-crypto exchange or a peer-to-peer exchange is, because you don’t own the cryptocurrencies (or other assets) you buy on it. This has its benefits because a forex broker allows you to invest in Bitcoin and altcoins without “putting your eggs in one basket” if you will.

In addition to it being somewhat safer, investing at a broker is easier: You don’t need to set up a wallet for each cryptocurrency you’re interested in. On the contrary, you can start right away. You don’t need to be an expert on cryptos, on investing or on using trading platforms to get going.

To find the very best broker around, we can start by looking at the most popular sites of this type. These are sites and apps where millions of investors have already invested their money and have left positive reviews of the service provided. We have reviewed a great number of them and have gathered together here five of the very best broker exchange options for you to consider.

eToro

If you want a regulated, highly reputable place to buy some Bitcoin then eToro is a smart choice to make. As you’ll read in our eToro review, it is a social trading network, and it is certainly a service that is trusted by millions of people in over a hundred countries around the globe. eToro is regulated by CySEC and compliant with MiFID.

Advantages of eToro

–  Highly regulated crypto broker, which is important as Bitcoin itself isn’t regulated-  Huge user base spread all over the planet-  Copy trading feature lets you mimic the experts and make the same moves –  Fast and efficient trading platform that it is easy to use-  Real-time trading available-  Wide range of trading options such as CFDs

Disadvantages of eToro

–  Not currently available for US investors-  Site can sometimes be slow

24 option

As you can see from our comprehensive 24 Option review, this Bitcoin broker started out by offering forex and binary trading to its users. 24 Option is fully regulated and now offers a range of cryptocurrencies on investments like CFDs. The mobile app lets you carry out mobile trading wherever you are.

Advantages of 24 Option

–  Fully regulated investment broker-  Secure site, never been hacked-  24/7 trading –  Mobile app means more flexibility-  Intuitive platform that you will get to grips with quickly

Disadvantages of 24 Option

–  The withdrawals fees can be on the high side-  Not a particularly extensive range of cryptocurrencies to choose from-  You need to deposit to use the demo account

PaxForex

Our in-depth look at PaxForex showed us that this site offers a wide range of currencies and types of account, as you would expect from one of the best broker sites. The PaxForex platform has been in business since 2010 and now provides Bitcoin and Ethereum trading as well as traditional fiat currency options.

Advantages of PaxForex

–  Extensive training available for beginners-  You can choose from Mini, Standard and VIP account options-  Powerful MT4 trading platform lets you trade effortlessly-  Speedy withdrawals

Disadvantages of PaxForex

–  Fairly limited amount of cryptocurrency options-  Some negative reviews by unhappy customers who have struggled to withdraw funds

XTrade

We have also reviewed the XTrade site to see what it has to offer in this type of cryptocurrency investment. The XTrade site is a CFD and forex broker that includes the likes of Bitcoin, Litecoin currency, Dash, Ethereum and the Ripple coin in a fairly lengthy list of currencies that they offer trading possibilities on.

Advantages of Xtrade

–  A good number of cryptocurrencies included-  Mobile trading app available-  Regulated by CySEC-  Easy to use, intuitive platform

Disadvantages of Xtrade

–  Fairly highly minimum amount on initial deposit-  Commission is too high for some

Do Broker Exchanges Suit Beginners?

Are you completely new to this way of trading? If you are then you will want to find an easy to use platform that you can get going on without any hassle. After looking at the industry through expert eyes, we’ve decided that eToro is our choice of the best broker exchange thanks to features such as the intuitive set up and the CopyTrader function that lets you copy expert investors, benefitting from their knowledge. You can start trading in no time on here.

Can you Day Trade on Broker Exchanges?

It is possible to day trade in this way. However, it is worth bearing in mind that eToro told us that they “believe in cryptocurrency in the long term” and hope that their customers hold these currencies for longer. Day trading requires rapid decision-making skill so might not be right for you if you are new to this sort of investment.

Which Broker Exchange Should You Choose?

The flexible and welcoming service provided by the brokers above makes them highly recommended choices as your broker exchange for Bitcoin and other currencies. Simple to use and with great features, they each offer an easy way to get started on investing in cryptocurrencies. By finding the best broker exchange for your needs you can enjoy investing with confidence.

The best broker exchange for 2020 is, in our opinion, eToro. With a solid set of features and a welcoming site, it is suitable for any type of investor, new or old. Register today to get the very best deals and to buy Bitcoin in a way that suits you perfectly.

Also, see our guides on fiat-crypto exchanges, crypto-crypto exchanges, and peer-to-peer exchanges for even more options.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.